RTX Corp. (RTX) announced on Tuesday that its subsidiary Raytheon has secured a $478 million contract from the NATO Support and Procurement Agency (NSPA) to supply additional GEM-T missiles to Germany.This agreement aims to replenish the stock of Patriot missiles that Germany has donated to Ukraine. Additionally, Denmark, the Netherlands, and Norway have committed to supporting the financing of this procurement.The GEM-T missile, an enhanced version of the Patriot Advanced Capability 2 interceptor, is designed to counter tactical ballistic missiles effectively and is a crucial component of the highly advanced Patriot air and missile defense system.The material has been provided by InstaForex Company – www.instaforex.com
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